Shift Payments is a new payments platform that simplifies trade credit. In Australia, the use of credit terms between businesses is so widespread that, if combined as a source of capital, it would create the 5th largest bank in the country by assets. And since much of this trade credit is not provided by financial institutions, everyday businesses across Australia are acting like banks.
Shift Payments solves this problem by removing the friction of trade terms from the business relationship. With Shift, businesses get paid on time, every time, and their customers get better payment terms. It's a win-win, helping businesses release capital faster and grow.
Shift Payments was developed by GetCapital, a non-bank business lender dedicated to meeting the needs of SMEs.